Obligation to Continue Payments. If a full-time employee becomes eligible for Medicare and elects Medicare in lieu of health care insurance coverage, Medicare Part B premiums shall be paid by the Board on behalf of the employees, spouse, and/or dependents as defined by the underwriter. In the event a full-time employee receiving insurance coverage is laid-off, terminated, resigns, or dies during the school year, the Employer’s contribution towards that insurance coverage shall be continued by the Employer until the employee has received the full pro-rata portion of the twelve (12) month insurance year earned at the same time of lay-off, termination, resignation or death.
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Samples: Agreement, Agreement, www.mackinac.org
